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Summary

* Indian markets closed on a positive note where buying was mainly seen in PSU Banks, Consumer Durables, Automobiles. Nifty Nov Futures closed at 26060.10 (up 108.70 points) at a premium of 46.65 pts to spot..

* FIIs were net buyers in Cash to the tune of 442.17 Cr and were net buyers in index futures to the tune of 72.97 Cr.

* India VIX decreased by 1.25% to close at 11.79 touching an intraday high of 12.28.

* The above second chart shows previous trading day’s change in Nifty options where Additions in OI were seen in 26100, 26200, 26300, 26400 strike Calls and at in OI were 26000,25900,25800, 25700 strike Puts indicating market is likely to remain range bound in the near term.

* Highest OI build-up is seen at 26000 strike Calls and 26000 strike Puts, to the tune of 29.59mn and 25.41mn respectively.

Open Interest in Nifty Options:

Outlook on Nifty:

Index is likely to open on a negative note today and is likely to remain range bound during the day.

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